Bill Text: NY A05474 | 2019-2020 | General Assembly | Introduced

Bill Title: Relates to annual reporting on economic development programs by requiring more details pertaining to program reporting requirements.

Spectrum: Strong Partisan Bill (Republican 19-2)

Status: (Introduced) 2019-02-12 - referred to economic development [A05474 Detail]

Download: New_York-2019-A05474-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 12, 2019
        Introduced  by M. of A. LALOR -- read once and referred to the Committee
          on Economic Development
        AN ACT to amend the economic development  law,  in  relation  to  annual
          reporting on economic development programs
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 100-a of the economic development law, as added  by
     2  section  1  of part UUU of chapter 59 of the laws of 2017, is amended to
     3  read as follows:
     4    § 100-a. Comprehensive economic development reporting. The  department
     5  shall  prepare  an  annual comprehensive economic development report, no
     6  later than December thirty-first of each year, listing economic develop-
     7  ment assistance provided by the New York state urban development  corpo-
     8  ration and the department for all economic development programs, includ-
     9  ing  but  not  limited  to  tax expenditures, marketing and advertising,
    10  grants, awards and loans. Such comprehensive report shall include aggre-
    11  gate totals for each economic development program  administered  by  the
    12  New York state urban development corporation and the department, includ-
    13  ing  but  not  limited to program progress, program participation rates,
    14  economic impact, regional distribution, industry trends, an  itemization
    15  of program expenditures, jobs created and whether such jobs were created
    16  as  a direct result of such program, jobs lost on a state-wide basis due
    17  to such program, whether the jobs created are year-round,  seasonal,  or
    18  temporary,  the  average  hourly  pay and average annual pay of each job
    19  created, the average hours  per  week,  month,  and  year  of  each  job
    20  created,  the  percentage  of jobs created that provide healthcare bene-
    21  fits, the subsidy cost for each job created, and any  other  information
    22  deemed  necessary  by the commissioner. The department shall prominently
    23  post the comprehensive economic development report  on  its  website  no
    24  later than January first of each year.
    25    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.